Blue Sky Uranium Corp. (TSXV: BSK) (OTC: BKUCF) has completed its warrant exercise incentive programme for total gross proceeds to the company of $1,190,000.
The Company has issued 4,760,000 common shares through the exercise of the original warrants and issued 4,760,000 incentive warrants. Each incentive warrant entitles the holder to acquire an additional common share of the company at a price of $0.35 per share until October 23, 2024. The incentive warrants and any shares issued upon exercise of the incentive warrants are subject to a hold period expiring four months plus a day from issuance. Funds raised will be used for working capital and exploration on properties.
The company will now apply to the TSX Venture Exchange for final acceptance to close the Incentive Programme.
The company intends to use the proceeds from the exercise of any Placement Warrants for working capital and exploration on its properties in Argentina.
About Blue Sky Uranium
Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The company’s objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work.
Blue Sky has the exclusive right to properties in two provinces in Argentina. The company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.
For further information please visit: https://blueskyuranium.com/